There’s never a bad time to think about building a passive-income stream. Fortunately, for Canadian investors, the TSX is loaded with high-quality dividend stocks to choose from. From century-long payout streaks to sky-high yields, there’s a Canadian dividend stock for every type of investor.
The dividend itself is typically the main selling point of a dividend stock. However, the company may have much more to offer than just passive income. Market-beating growth potential is one example of an added benefit that a dividend stock could offer.
With that in mind, I’ve reviewed a beaten-down renewable energy stock that deserves serious attention at these prices. A 6% dividend yield is enough of a reason to be intrigued, but there’s more than just a dividend to get excited about here.
If you’ve got a time horizon that allows you to be patient, this company should be on your watch list right now.
Brookfield Renewable Partners
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